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Thunderbird School Of Global Management

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Graduate, Professional Schools (Separate Entities) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$3.29M (2023)

Expenses
$3.5M (2023)

Total Assets
$4.55M (2023)

Total Liabilities
$677k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,287,185
Expenses
$3,501,696
Net Income
-$214,511
Net Assets
$3,868,960
Notable Sources of Revenue Percent of Total Revenue
Contributions $380,258
11.6%
Program Services $3,212,792
97.7%
Investment Income $52,637
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$358,502
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,545,810
Total Liabilities $676,850
Net Assets $3,868,960
Compensation
Key Employees and Officers Compensation Related Other
Morgan Olsen (Chairman, Vp & Treasurer) $0 $961,274 $53,152
Jim O'brien (Trustee) $0 $621,709 $44,642
Nancy Gonzales (Vice President) $0 $818,369 $139,582
Sally Morton (Trustee) $0 $762,427 $53,152
Lisa Loo (Secretary) $0 $448,218 $42,263
Matthew Smith (Vice President) $0 $269,006 $24,645
Anjali B Halabe (Vp & Assistant Treasurer) $0 $0 $0
Michael Crow Until 92022 (Chairman Of The Board) $0 $1,230,189 $173,510
Jose Cardenas Until 82022 (Secretary) $0 $447,006 $45,118
Richard Stanley Until 92022 (Vice President) $0 $295,989 $49,105
Joanne Wamsley Until 82022 (Vp & Assistant Treasurer) $0 $209,620 $16,682

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,655,898
Expenses
$3,439,381
Net Income
-$783,483
Net Assets
$1,944,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $296,453
11.2%
Program Services $2,104,139
79.2%
Investment Income $494
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $254,812
9.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,676,720
Total Liabilities $2,732,517
Net Assets $1,944,203
Compensation
Key Employees and Officers Compensation Related Other
Michael Crow (Chairman Of The Board) $0 $1,138,167 $152,514
Jose Cardenas (Secretary) $0 $578,385 $23,294
Morgan Olsen (Vice President & Treasurer) $0 $671,109 $30,902
Jim O'brien (Trustee) $0 $523,663 $22,597
Richard H Stanley (Vice President) $0 $465,356 $23,577
Nancy Gonzales (Vice President) $0 $672,225 $63,042
Sally Morton (Trustee) $0 $697,265 $28,079
Joanne Wamsley (Vice President & Assistant) $0 $289,149 $5,424
Matthew Smith (Vice President) $0 $252,564 $5,090

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,980,212
Expenses
$37,108,519
Net Income
-$14,128,307
Net Assets
$2,726,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $256,819
1.1%
Program Services $1,789,213
7.8%
Investment Income $1,531
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,954,411
91.2%
Net Inventory Sales $0
Other Revenue -$21,762
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,648,363
Total Liabilities $1,922,101
Net Assets $2,726,262
Compensation
Key Employees and Officers Compensation Related Other
Michael Crow (Chairman Of The Board) $0 $1,094,528 $160,972
Jose Cardenas (Secretary) $0 $543,803 $23,268
Morgan Olsen (Vice President & Treasurer) $0 $647,367 $30,810
Jim O'brien (Trustee) $0 $497,229 $22,333
Sethuraman Panchanathan (Trustee) $0 $605,190 $20,106
Richard H Stanley (Vice President) $0 $447,583 $22,287
Mark Searle (Vice President) $0 $608,367 $2,407
Joanne Wamsley (Vice President & Assistant) $0 $284,708 $2,074

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,253,946
Expenses
$6,938,853
Net Income
$3,315,093
Net Assets
$16,849,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,419,502
43.1%
Program Services $1,701,857
16.6%
Investment Income $110,310
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,092,711
39.9%
Net Inventory Sales $0
Other Revenue -$70,434
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $18,865,988
Total Liabilities $2,016,247
Net Assets $16,849,741
Compensation
Key Employees and Officers Compensation Related Other
Michael Crow (Chairman Of The Board) $0 $1,145,129 $113,232
Sethuraman Panchanathan (Trustee) $0 $879,396 $23,255
Morgan Olsen (Vice President & Treasurer) $0 $617,058 $26,684
Mark Searle (Vice President) $0 $603,502 $2,407
Jose Cardenas (Secretary) $0 $537,186 $22,411
Jim O'brien (Trustee) $0 $472,234 $22,033
Richard H Stanley (Vice President) $0 $445,166 $21,987
Joanne Wamsley (Vice President & Assistant) $0 $289,805 $2,463

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$6,446,859
Expenses
$5,273,113
Net Income
-$11,719,972
Net Assets
$13,533,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $281,686
Program Services $3,160,511
Investment Income $56,499
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$9,941,663
Net Inventory Sales $0
Other Revenue -$3,892
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,152,292
Total Liabilities $2,618,675
Net Assets $13,533,617

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,922,228
Expenses
$10,079,485
Net Income
-$1,157,257
Net Assets
$25,255,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $563,973
6.3%
Program Services $8,388,154
94.0%
Investment Income $15,564
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$45,463
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,072,592
Total Liabilities $1,817,343
Net Assets $25,255,249

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,998,501
Expenses
$13,542,385
Net Income
-$1,543,884
Net Assets
$26,410,944
Notable Sources of Revenue Percent of Total Revenue
Contributions $924,329
7.7%
Program Services $11,007,254
91.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $66,918
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,635,861
Total Liabilities $3,224,917
Net Assets $26,410,944

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,437,639
Expenses
$15,075,890
Net Income
-$638,251
Net Assets
$27,954,692
Notable Sources of Revenue Percent of Total Revenue
Contributions $554,460
3.8%
Program Services $13,939,513
96.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$56,334
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $35,327,259
Total Liabilities $7,372,567
Net Assets $27,954,692

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,372,081
Expenses
$34,898,701
Net Income
$473,380
Net Assets
$52,091,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $678,148
1.9%
Program Services $31,900,390
90.2%
Investment Income $18,475
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,479
0.0%
Net Inventory Sales $0
Other Revenue $2,770,589
7.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,580,998
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $6,623,928
19.0%
Assets/Debt
Total Assets $60,586,664
Total Liabilities $8,495,486
Net Assets $52,091,178
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andrew Inkpen (Professor Cypt) $724,345 $0 $64,648
Mansour Javidan (Professor Cypt) $641,975 $0 $48,818
Kannan Ramaswamy (Professor Cypt) $524,833 $0 $53,523
Sundaresan Ram (Professor Cypt) $501,632 $0 $28,203
Karen Brown (Professor Cypt) $490,715 $0 $34,199
Dennis Baltzley (Sr. Vice President Cypt) $442,636 $0 $24,489
Larry Penley (President Cypt) $439,849 $0 $41,284
Dale Davison (Dean Of Faculty Cypt) $299,525 $0 $47,149
Peter Hill (Coo Cypt) $293,744 $0 $40,789
Rebecca Henriksen (Vice President Cypt) $197,947 $0 $22,926
Jim Harnden (Chief Info. Officer Cypt) $157,484 $0 $23,920
Andrew Stringer (Vp, Human Resources Cypt) $155,709 $0 $21,019
Guy Groff (Assoc. Vp, Cmc Cypt) $154,222 $0 $12,242
Richard Franke (Vp, Finance Cypt) $147,906 $0 $10,715
Chelsea Oyen (Corporate Secretary Cypt) $139,814 $0 $17,477
Jason Bryant (Assoc. Vp, Admissions Cypt) $111,928 $0 $8,931
James Scott (Assoc. Vp, Academic Ops Cypt) $104,721 $0 $5,102
Kellie Kreiser (Assist Vp Thunderbird Cypt) $104,680 $0 $5,300
Whitney Fulton (Assist. Vp, Instit. Adv Cypt) $103,224 $0 $5,284
Ann Iverson (Chairman Cypt) $0 $0 $0
Sam Garvin (Vice Chairman Cypt) $0 $0 $0
David Lincoln (Vice Chairman Cypt) $0 $0 $0
Clara Lovett (Vice Chairman Cypt) $0 $0 $0
Teresa Mc Caslin (Vice Chairman Cypt) $0 $0 $0
James Mc Clung (Vice Chairman Cypt) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$61,528,270
Expenses
$64,217,606
Net Income
-$2,689,336
Net Assets
$34,769,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,792,667
2.9%
Program Services $58,000,982
94.3%
Investment Income $643,367
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,091,254
1.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,160,500
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $22,111,992
34.4%
Assets/Debt
Total Assets $79,145,031
Total Liabilities $44,375,387
Net Assets $34,769,644
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Andrew Inkpen (Professor) $646,832 $0 $26,464
Kannan Ramaswamy (Professor) $521,375 $0 $34,126
Mansour Javidan (Professor) $485,225 $0 $33,614
Caren Siehl (Professor) $435,897 $0 $13,937
Michael Moffett (Professor) $407,493 $0 $31,238
Larry Penley (President) $385,492 $0 $23,134
Dennis Baltzley (Senior Vice President) $360,000 $0 $38,003
Dale Davison (Dean Of Faculty) $256,574 $0 $28,845
Humberto Valenia (Vice President) $219,381 $0 $28,398
Dennis Hopple (Former Officer) $209,900 $0 $4,516
Kay Keck (Vice President) $208,086 $0 $15,801
David Bowen (Former Officer) $202,801 $0 $21,922
Rebecca Henriksen (Vice President) $191,000 $0 $26,452
Jim Harnden (Chief Information Officer) $152,250 $0 $26,731
Dan Kuster (Interim Cfo) $150,000 $0 $0
Andrew Stringer (Vice President) $146,462 $0 $18,434
Jan Mueller (Vice President) $131,668 $0 $22,065
Kelly Santina (Vp, Marketing) $89,674 $0 $16,716
Pete Hill (Coo) $78,269 $0 $3,271
Richard Franke (Vp, Finance) $46,154 $0 $5,358
John Berndt (Trustee) $0 $0 $0
Beth Brooke (Trustee) $0 $0 $0
Sam Garvin (Vice Chairman) $0 $0 $0
Ron Goode (Trustee) $0 $0 $0
Mike Hecomovich (Vice Chairman) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,628,942
Expenses
$73,065,258
Net Income
-$6,436,316
Net Assets
$37,694,005
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,697,107
5.5%
Program Services $61,557,854
92.4%
Investment Income $597,727
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $776,254
1.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,176,274
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $25,596,845
35.0%
Assets/Debt
Total Assets $79,885,133
Total Liabilities $42,191,128
Net Assets $37,694,005

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$73,720,445
Expenses
$77,838,025
Net Income
-$4,117,580
Net Assets
$43,974,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,031,039
12.3%
Program Services $63,969,778
86.8%
Investment Income $497,948
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $221,680
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,771,180
6.1%
Professional Fundraising Fees $0
Other Salaries and Wages $25,838,707
33.2%
Assets/Debt
Total Assets $89,225,660
Total Liabilities $45,251,192
Net Assets $43,974,468

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,693,505
Expenses
$69,664,543
Net Income
$7,028,962
Net Assets
$50,126,504
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,238,901
16.0%
Program Services $63,313,203
82.6%
Investment Income $656,756
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $484,645
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $4,397,213
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $23,054,002
33.1%
Assets/Debt
Total Assets $94,425,353
Total Liabilities $44,298,849
Net Assets $50,126,504

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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For those interested in acquiring the original data from the source, here’s where our data comes from:

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